CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given an average recommendation of “Moderate Buy” by the twenty-seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $418.15.

A number of brokerages have commented on CYBR. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Rosenblatt Securities restated a “buy” rating and issued a $445.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. Piper Sandler lifted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. KeyCorp increased their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus boosted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research report on Friday, February 14th.

Institutional Trading of CyberArk Software

Several institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in shares of CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Groupama Asset Managment grew its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Jennison Associates LLC increased its position in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of CyberArk Software in the third quarter valued at $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in CyberArk Software in the fourth quarter valued at $764,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $346.44 on Tuesday. The business’s 50 day moving average price is $363.86 and its 200-day moving average price is $321.91. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of -177.66 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts expect that CyberArk Software will post -0.47 earnings per share for the current year.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.